Market Watch 2016 -17
01-14-2016 | 04:41 AM
#1
Thread Starter
Joined: Oct 2002
Posts: 34,113
Likes: 109
From: Canton, MA
Market Watch 2016 -17
Well, since we are almost halfway through January, I figured I should start a new thread on this subject. As bad as 2015 was, it does not deserve to be tied in with 2016. The major indicies are down over 8% in the first two weeks alone and 10% from its highs of last year. Some folks are suggesting that this is a buy opportunity, but I see no reason to believe this is some quick correction in the on-going bull market. I think the bull left the pasture mid 2015. That animal you see in the back yard is a bear.
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
01-14-2016 | 04:55 AM
#2
Joined: Nov 2000
Posts: 8,632
Likes: 810
From: Lewes, DE
Well, since we are almost halfway through January, I figured I should start a new thread on this subject. As bad as 2015 was, it does not deserve to be tied in with 2016. The major indicies are down over 8% in the first two weeks alone and 10% from its highs of last year. Some folks are suggesting that this is a buy opportunity, but I see no reason to believe this is some quick correction in the on-going bull market. I think the bull left the pasture mid 2015. That animal you see in the back yard is a bear.
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
Is that the new 4 million one they just introduced. I'm down about a good road bike.
01-14-2016 | 05:01 AM
#3
Registered User
Joined: Jun 2002
Posts: 26,746
Likes: 4,328
From: Bondville
Originally Posted by Legal Bill' timestamp='1452778864' post='23852016
Well, since we are almost halfway through January, I figured I should start a new thread on this subject. As bad as 2015 was, it does not deserve to be tied in with 2016. The major indicies are down over 8% in the first two weeks alone and 10% from its highs of last year. Some folks are suggesting that this is a buy opportunity, but I see no reason to believe this is some quick correction in the on-going bull market. I think the bull left the pasture mid 2015. That animal you see in the back yard is a bear.
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com/2016/01/13/inve...r-market-bull/
Is that the new 4 million one they just introduced. I'm down about a good road bike.
You'll never know!!!
01-14-2016 | 06:21 AM
#5
Registered User
Joined: Jun 2013
Posts: 1,976
Likes: 10
From: Denver Metro Area
Originally Posted by Legal Bill' timestamp='1452778864' post='23852016
Well, since we are almost halfway through January, I figured I should start a new thread on this subject. As bad as 2015 was, it does not deserve to be tied in with 2016. The major indicies are down over 8% in the first two weeks alone and 10% from its highs of last year. Some folks are suggesting that this is a buy opportunity, but I see no reason to believe this is some quick correction in the on-going bull market. I think the bull left the pasture mid 2015. That animal you see in the back yard is a bear.
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com...ar-market-bull/
The real question is; how far is down? I moved a little of my money into cash the end of last year, but nowhere near enough. Right now, I'm down about a new Ferrari. I won't say which one. But that is well over a year of living expenses when I retire. This could change my retirement plans as I was planning to stay in the markets for another year or two and them start moving money into safer havens.
I know many of you will feel obligated to post "stick with the plan" but that really is nonsense. What plan? Do you think we all have the same plan? What makes any of us think our plan is the right plan? If 20 of us have 20 different plans, someone is probably very wrong.
Anyway, I'll be considering further adjustments this week. What are you doing? Where do you see the market going? How will this impact your life?
Here is CNN's article with the pros and cons that leave you nowhere:
http://money.cnn.com...ar-market-bull/
Is that the new 4 million one they just introduced. I'm down about a good road bike.
01-14-2016 | 08:16 AM
#7
Joined: Feb 2004
Posts: 63,240
Likes: 3,275
From: Smalltown
The bulk of our vast wealth 
is in retirement accounts. We are pretty well balanced. However, going forward there will be more conservative choices for the monies that are added to the pots.
I had a simple IRA with my former boss. I liked it as I could pick and choose where my money went. I was happy with my account adviser and valued her opinion, even if I didn't always go along with her suggestions. I could chose how to invest. Corporate bonds, mutual funds, stocks, whatever. I will have a 401 beginning next month. I'm not sure how much choice I will have as to where my $ goes. Are you given much choice beyond conservative, moderate or aggressive risk? Not sure if I want ANY of the future deposits in anything other than a fixed investment. Maybe I can just say "leave my money all in cash, I can't afford to lose anymore!"
How does the dip in the market affect me? Depending on how much/how soon it comes back, retirement may be further away, and dining out might be fast food.
is in retirement accounts. We are pretty well balanced. However, going forward there will be more conservative choices for the monies that are added to the pots.I had a simple IRA with my former boss. I liked it as I could pick and choose where my money went. I was happy with my account adviser and valued her opinion, even if I didn't always go along with her suggestions. I could chose how to invest. Corporate bonds, mutual funds, stocks, whatever. I will have a 401 beginning next month. I'm not sure how much choice I will have as to where my $ goes. Are you given much choice beyond conservative, moderate or aggressive risk? Not sure if I want ANY of the future deposits in anything other than a fixed investment. Maybe I can just say "leave my money all in cash, I can't afford to lose anymore!"
How does the dip in the market affect me? Depending on how much/how soon it comes back, retirement may be further away, and dining out might be fast food.
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01-14-2016 | 04:19 PM
#9
Joined: Nov 2000
Posts: 8,632
Likes: 810
From: Lewes, DE